Abu Dhabi’s ADFD, CAF partner to boost sustainable growth in L. America

The Abu Dhabi Fund for Development (ADFD) has recently entered into a strategic agreement with CAF – Development Bank of Latin America and the Caribbean to enhance sustainable economic growth and reduce inequalities across Latin America.

The collaboration, formalised during the International Monetary Fund (IMF) and World Bank Group meetings in Washington DC, sets a framework for co-financing, joint investment, and information-sharing initiatives aimed at boosting regional development.

Key cooperation areas include joint project financing, collaborative development and assessment of investment opportunities, and a commitment to exchanging insights on impactful projects. The agreement also provides for flexible collaboration models to adapt to future needs.

This partnership combines CAF’s expertise in Latin America with ADFD’s experience in global development financing, boosting capacity to support infrastructure, social development, and economic growth projects across CAF member nations.

Attribution: WAM

Subediting: Y.Yasser